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Archive for July, 2017

The Ontario government has capped the 2018 Annual Rent Increase Guideline at 1.8%. The increase of 1.8% for 2018 is the maximum a landlord can raise a tenant’s rent without the approval of the Landlord and Tenant Board. Landlords cannot increase rent for sitting tenants above the 1.8% guideline without seeking approval from the Landlord and Tenant Board. More information is available at this Ontario Government link:

https://news.ontario.ca/mho/en/2017/06/ontario-capping-rent-increases-for-tenants-in-2018.html

This 2018 guideline increase of 1.8% is higher than the 1.5% rent increase for 2017. It is based on the Ontario Consumer Price Index (CPI), a measure of inflation calculated monthly by Statistics Canada.

The 2018 guideline increase takes effect from January 1, 2018 through December 31, 2018.

If the landlord intends to implement an Above Guideline Increase the landlord is required to abide by the regulations of the Landlord and Tenant Board and file an application with Landlord and Tenant Board for an Above Guideline Increase. Refer to the Brochure: 2018 Rent Increase Guideline published by the Landlord and Tenant Board (Social Justice Tribunal) for more details:

http://www.sjto.gov.on.ca/documents/ltb/Brochures/2018%20Rent%20Increase%20Guideline%20(EN).html

NOTE: The guideline is not applicable to: Vacant residential units, Social housing units, Nursing homes or Commercial property

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RENTAL FAIRNESS ACT 2017
Amendment to the Residential Tenancies Act, 2006

The Rental Fairness Act was amended by the Legislative Assembly of the Province of Ontario May 30 2017.

Refer to this link to access the amendment:   
https://landlordselfhelp.com/bill-124-rental-fairness-act-2017/

NOTE – Here are 2 perspectives on the amendment:

1) FRPO Submission to the Standing Committee on General Government ~ Bill 124 ~
May 9, 2017

Refer to this link for the full article:
https://www.frpo.org/wp-content/uploads/2015/04/FRPO-Submission-to-Standing-Committee-on-General-Government-re-Bill-124-2017-05-09.pdf

2) ONTARIO’S NEW RENT RULE Get ready for a flood of AGIs (About Above Guideline Increases)
by L D Blake
June 29, 2017

Bill 124, the “Rental Fairness Act” (2017) have just achieved royal assent, becoming law.

Refer to the attachment for full details:  Ontario – New Rent Rules

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